First Asset Canadian Dividend Opportunity Fund

view Class F

Fund Overview

The Fund invests in an actively managed portfolio (the "Portfolio") comprised primarily of high-quality dividend paying Canadian equity securities of Canadian utility issuers, pipeline issuers and telecommunications issuers and select higher yielding equity securities. The Portfolio will include equity securities of Canadian utility issuers, energy issuers, energy infrastructure issuers, REITs and telecommunications and cable issuers that the Manager believes will provide superior risk adjusted returns through a combination of dividend income and capital appreciation potential. The Portfolio could also include securities of dividend issuers like banks and financial services issuers that have strong track records of maintaining and raising distributions. Under normal market conditions, up to 30% of the Fund's Portfolio may be invested in foreign issuers.

Investor suitability
For those who:

  • Are seeking periodic cash distributions and modest growth live and whether or not you hold the fund in a registered plan such in the underlying portfolio, and are able to accept more risk than corporate bonds;
  • Have a long-term investment horizon;
  • Are seeking modest capital appreciation to supplement their current income; and
  • Are prepared for a low to medium level of investment risk.

Performance

 1m3m6mYTD1y2y3y4y5y10ySI
Class A 0.30%5.18%12.42%-9.88%-7.43%0.92%1.15%1.48%2.25%4.75%5.12%
Benchmark-2.06%4.73%22.51%-3.09%-0.03%3.46%4.26%5.47%7.16%5.80%5.90%
As at: 30 Sep 2020 - Benchmark: S&P/TSX Composite Index (Total Return)
 1m3m6mYTD1y2y3y4y5ySI
Class F 0.39%5.46%13.01%-9.16%-6.44%2.00%2.24%2.56%3.34%4.58%
Benchmark-2.06%4.73%22.51%-3.09%-0.03%3.46%4.26%5.47%7.16%5.80%5.90%
As at: 30 Sep 2020 - Benchmark: S&P/TSX Composite Index (Total Return)

 

Sector Breakdown

As at 30 September 2020

The indicated rates of return are the historical annual compounded total returns, including changes in unit value and do not take into account sales, redemption or optional charges or income taxes payable by a security holder that would have reduced returns. The Fund was originally launched as a TSX-listed closed-end fund on April 19, 2010, and converted into an open-end mutual fund on April 19, 2012. Performance shown is since inception of the closed-end fund. In connection with the automatic conversion certain changes were made to the investment objectives, strategies and restrictions applicable to the Fund in order to conform to NI 81-102. Material among these changes is that the Fund will no longer be permitted to use leverage and an increase in the servicing fee from 0.5% to 1.0% per annum. Had these changes been in effect prior to this date the performance of the Fund could have been different.


The S&P/TSX Composite Index is a capitalization-weighted index designed to measure market activity of stocks listed on the Toronto Stock Exchange. This index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of broader Canadian equity market.

Top holdings

Sector% Weighting
Ci First Asset Active CdnInvestment Fund51.9
Fortis IncUtilities5.0
Brookfield InfrastructureUtilities4.9
Algonquin Power & Util CorpUtilities4.5
Tricon Residential IncReal Estate4.5
Cms Energy CorpUtilities3.7
Emera IncUtilities3.6
Telus CorpCommunication Services3.6
Tc Energy CorpEnergy3.1
Killam Apt Real Estate Invt TrReal Estate3.0
As at 30 September 2020

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 7.16% (as at 28 Oct 2020)

Class ATotal
SI$6.48810
2020 +$0.45000
29-Sep$0.05000
28-Aug$0.05000
30-Jul$0.05000
29-Jun$0.05000
28-May$0.05000
29-Apr$0.05000
30-Mar$0.05000
27-Feb$0.05000
30-Jan$0.05000
2019 +$0.60000
30-Dec$0.05000
28-Nov$0.05000
30-Oct$0.05000
27-Sep$0.05000
29-Aug$0.05000
30-Jul$0.05000
27-Jun$0.05000
30-May$0.05000
29-Apr$0.05000
28-Mar$0.05000
27-Feb$0.05000
30-Jan$0.05000
2018 +$0.60000
28-Dec$0.05000
29-Nov$0.05000
30-Oct$0.05000
27-Sep$0.05000
30-Aug$0.05000
30-Jul$0.05000
28-Jun$0.05000
30-May$0.05000
27-Apr$0.05000
28-Mar$0.05000
27-Feb$0.05000
30-Jan$0.05000
2017 +$0.60000
28-Dec$0.05000
29-Nov$0.05000
30-Oct$0.05000
28-Sep$0.05000
30-Aug$0.05000
28-Jul$0.05000
29-Jun$0.05000
30-May$0.05000
27-Apr$0.05000
30-Mar$0.05000
27-Feb$0.05000
30-Jan$0.05000
2016 +$0.60000
29-Dec$0.05000
29-Nov$0.05000
28-Oct$0.05000
29-Sep$0.05000
30-Aug$0.05000
28-Jul$0.05000
29-Jun$0.05000
30-May$0.05000
28-Apr$0.05000
30-Mar$0.05000
26-Feb$0.05000
29-Jan$0.05000
2015 +$0.60000
30-Dec$0.05000
29-Nov$0.05000
29-Oct$0.05000
29-Sep$0.05000
28-Aug$0.05000
30-Jul$0.05000
29-Jun$0.05000
28-May$0.05000
29-Apr$0.05000
30-Mar$0.05000
26-Feb$0.05000
29-Jan$0.05000
2014 +$0.60000
30-Dec$0.05000
27-Nov$0.05000
30-Oct$0.05000
29-Sep$0.05000
28-Aug$0.05000
30-Jul$0.05000
27-Jun$0.05000
29-May$0.05000
29-Apr$0.05000
28-Mar$0.05000
27-Feb$0.05000
30-Jan$0.05000
2013 +$0.60000
30-Dec$0.05000
28-Nov$0.05000
30-Oct$0.05000
27-Sep$0.05000
29-Aug$0.05000
30-Jul$0.05000
27-Jun$0.05000
30-May$0.05000
29-Apr$0.05000
27-Mar$0.05000
27-Feb$0.05000
30-Jan$0.05000
2012 +$0.60000
28-Dec$0.05000
29-Nov$0.05000
30-Oct$0.05000
27-Sep$0.05000
30-Aug$0.05000
30-Jul$0.05000
28-Jun$0.05000
30-May$0.05000
27-Apr$0.05000
30-Mar$0.05000
29-Feb$0.05000
31-Jan$0.05000
2011 +$0.82000
30-Dec$0.16500
30-Dec$0.10500
30-Nov$0.05000
31-Oct$0.05000
30-Sep$0.05000
31-Aug$0.05000
29-Jul$0.05000
30-Jun$0.05000
31-May$0.05000
29-Apr$0.05000
31-Mar$0.05000
28-Feb$0.05000
31-Jan$0.05000
2010 +$0.41810
31-Dec$0.05000
30-Nov$0.05000
29-Oct$0.05000
30-Sep$0.05000
31-Aug$0.05000
30-Jul$0.05000
30-Jun$0.05000
31-May$0.06810
Distribution details (.csv)

Twelve month trailing distribution yield : 6.96% (as at 28 Oct 2020)

Class FTotal
SI$5.10000
2020 +$0.45000
29-Sep$0.05000
28-Aug$0.05000
30-Jul$0.05000
29-Jun$0.05000
28-May$0.05000
29-Apr$0.05000
30-Mar$0.05000
27-Feb$0.05000
30-Jan$0.05000
2019 +$0.60000
30-Dec$0.05000
28-Nov$0.05000
30-Oct$0.05000
27-Sep$0.05000
29-Aug$0.05000
30-Jul$0.05000
27-Jun$0.05000
30-May$0.05000
29-Apr$0.05000
28-Mar$0.05000
27-Feb$0.05000
30-Jan$0.05000
2018 +$0.60000
28-Dec$0.05000
29-Nov$0.05000
30-Oct$0.05000
27-Sep$0.05000
30-Aug$0.05000
30-Jul$0.05000
28-Jun$0.05000
30-May$0.05000
27-Apr$0.05000
28-Mar$0.05000
27-Feb$0.05000
30-Jan$0.05000
2017 +$0.60000
28-Dec$0.05000
29-Nov$0.05000
30-Oct$0.05000
28-Sep$0.05000
30-Aug$0.05000
28-Jul$0.05000
29-Jun$0.05000
30-May$0.05000
27-Apr$0.05000
30-Mar$0.05000
27-Feb$0.05000
30-Jan$0.05000
2016 +$0.60000
29-Dec$0.05000
29-Nov$0.05000
28-Oct$0.05000
29-Sep$0.05000
30-Aug$0.05000
28-Jul$0.05000
29-Jun$0.05000
30-May$0.05000
28-Apr$0.05000
30-Mar$0.05000
26-Feb$0.05000
29-Jan$0.05000
2015 +$0.60000
30-Dec$0.05000
29-Nov$0.05000
29-Oct$0.05000
29-Sep$0.05000
28-Aug$0.05000
30-Jul$0.05000
29-Jun$0.05000
28-May$0.05000
29-Apr$0.05000
30-Mar$0.05000
26-Feb$0.05000
29-Jan$0.05000
2014 +$0.60000
30-Dec$0.05000
27-Nov$0.05000
30-Oct$0.05000
29-Sep$0.05000
28-Aug$0.05000
30-Jul$0.05000
27-Jun$0.05000
29-May$0.05000
29-Apr$0.05000
28-Mar$0.05000
27-Feb$0.05000
30-Jan$0.05000
2013 +$0.60000
30-Dec$0.05000
28-Nov$0.05000
30-Oct$0.05000
27-Sep$0.05000
29-Aug$0.05000
30-Jul$0.05000
27-Jun$0.05000
30-May$0.05000
29-Apr$0.05000
27-Mar$0.05000
27-Feb$0.05000
30-Jan$0.05000
2012 +$0.45000
28-Dec$0.05000
29-Nov$0.05000
30-Oct$0.05000
27-Sep$0.05000
30-Aug$0.05000
30-Jul$0.05000
28-Jun$0.05000
30-May$0.05000
27-Apr$0.05000

News

23 Oct 2015 CI Financial scoops up ETF provider First Asset Capital The Globe and Mail | Clare O'Hara
21 Mar 2012 First Asset Distribution Press Release Marketwired
17 Feb 2012 First Asset Distribution Press Release Marketwired
20 Jan 2012 First Asset Distribution Press Release Marketwired
20 Oct 2011 First Asset Distribution Press Release Marketwired
21 Sep 2011 First Asset: Distribution Press Release Marketwired
22 Aug 2011 First Asset: Distribution Press Release Marketwired
20 Jul 2011 First Asset: Distribution Press Release Marketwired
21 Jun 2011 First Asset: Distribution Press Release Marketwired
31 May 2011 XTF Capital Corp. Launches ETFs Marketwired

Documents

National Instrument 81-106 Investment Fund Continuous Disclosure requires disclosure of the proxy voting record on an annual basis for the period ending on June 30 of each year. The proxy voting record must be posted on the website no later than August 31 of each year.

Canadian securities law provides that the manager of an investment funds (in this case, CI Investments Inc. ("CI")), acting on behalf of the investment fund, has the right and obligation to vote proxies relating to the investment fund's portfolio securities. As a practical matter, CI delegates this function to the applicable portfolio manager or sub-adviser, as part of the portfolio manager's or sub-adviser's general management of the investment fund assets, subject to oversight by CI. CI generally requires that applicable portfolio managers or sub-advisers vote all proxies in the best interest of CI's funds and their securityholders, as determined solely by the portfolio manager or sub-adviser, and subject to CI's proxy voting policy, the guidelines applicable to the individual portfolio manager or sub-adviser, and applicable legislation. Portfolio managers and sub-advisers are generally expected to vote on any matter for which the investment fund receives proxy materials for a meeting of securityholders of an issuer.

Proxy voting record for the most recent year:

30 Jun, 2020 - Proxy Voting Record

30 Jun, 2019 - Proxy Voting Record

Warning: Documents posted on this website (including, without limitation, prospectuses) are current only as of the date on them

To access the SEDAR filings of First Asset Canadian Dividend Opportunity Fund please click here